Danaher $172.5 Million Securities Class Action Settlement

Investors who purchased or otherwise acquired Danaher Corp. common stock between Jan. 27, 2022, and Oct. 23, 2023, may be eligible to claim a cash payment from a class action settlement.

Danaher Corp. agreed to pay $172.5 million to settle a securities class action lawsuit alleging it made materially false and misleading statements and omitted material facts about its bioprocessing business, which makes equipment used to produce biopharmaceutical vaccines and therapeutics.

Who can file a claim?

The settlement includes all persons and entities who purchased or otherwise acquired Danaher common stock between Jan. 27, 2022, and Oct. 23, 2023, inclusive, and suffered damages as a result.

Additional details

• Both individuals and entities can be class members.
• Authorized representatives may submit claims on behalf of beneficial owners subject to the requirements of the claim form.
• Executors, administrators, guardians and trustees may submit claims on behalf of others and must provide proof of authority.
• Each separate legal entity must submit a separate claim.
• Joint owners must each sign the claim form.

How much can class members get?

The total settlement fund is $172,500,000. The amount each class member will receive depends on several factors:

• The number of valid claims submitted
• The timing and prices of each purchase and sale of Danaher common stock
• The total recognized losses of all claimants

The settlement administrator will distribute payments on a pro rata basis according to the court-approved plan of allocation:

• The estimated average recovery is approximately $1.13 per share before deductions for taxes, notice and administration expenses, and any court-approved fees and expenses.
• Actual payments may be higher or lower depending on individual claims and the total number of valid claims.
• The settlement administrator will calculate each class member's payment based on the recognized loss amount assigned to each share.
• Recognized loss amounts depend on the timing of purchases and sales and the artificial inflation in Danaher's stock price, which the settlement administrator calculates using the court-approved plan of allocation (Page 11 of the settlement notice).
• To have a recognized loss, class members must have purchased Danaher common stock during the class period and held it through at least one corrective disclosure date.
• For shares sold before Oct. 20, 2022, the recognized loss is $0.
• For shares sold between Oct. 20, 2022, and Oct. 23, 2023, the recognized loss is the decline in artificial inflation from the purchase date to the sale date.
• For shares sold between Oct. 24, 2023, and Jan. 19, 2024, during the 90-day lookback period, the recognized loss is the lesser of the artificial inflation on the purchase date or the purchase price minus the 90-day lookback value on the sale date.
• For shares held as of the close of trading on Jan. 19, 2024, the recognized loss is the lesser of the artificial inflation on the purchase date or the purchase price minus $216.62, the average closing price during the 90-day lookback period.

• The settlement administrator will set any recognized loss that calculates to a negative number to $0.
• Class members whose payment would be less than $10 will not receive a payout.

How to claim a Danaher securities class action settlement payment

Class members may file a claim online or download, print and complete the PDF claim form and mail it to the settlement administrator. The claim deadline is Sept. 20, 2026.

Settlement administrator's mailing address: Danaher Securities Settlement, c/o Verita Global LLC, P.O. Box 301135, Los Angeles, CA 90030-1135

Proof or documentation required to submit a claim

All class members must provide the last four digits of their Social Security number or full taxpayer identification number. They must also provide holding, purchase and sale information, including:

• Number of Danaher shares held as of the close of trading on Jan. 26, 2022
• Trade dates for purchases and sales from Jan. 27, 2022, through Jan. 19, 2024
• Number of shares purchased, acquired or sold and the total purchase, sale or acquisition price
• Number of Danaher shares held as of the close of trading on Jan. 19, 2024

Class members must also provide documentation to support their holdings and transactions in Danaher common stock. Acceptable proof includes:

• Broker confirmation slips
• Broker account statements
• Authorized statements from a broker reporting the claimant's transaction information

Payout options

• Physical check

$172.5 million settlement fund

The $172,500,000 settlement fund includes:

• Settlement administration costs: To be determined
• Attorneys' fees: Up to $57,500,000
• Attorneys' expenses: Up to $850,000
• Service awards to plaintiffs: Up to $70,000 total
• Payments to eligible class members: Remainder of the fund

Important dates

• Deadline to file a claim: Sept. 20, 2026
• Opt-out deadline: Aug. 13, 2026
• Fairness hearing: Sept. 3, 2026

When is the Danaher securities class action settlement payout date?

The settlement administrator will issue payments after it completes processing and the court resolves any appeals and grants final approval of the settlement.

Why did this class action settlement happen?

The class action lawsuit alleged Danaher Corp. and certain executives made materially false and misleading statements and omitted material facts about the company's bioprocessing business, which makes equipment used to produce biopharmaceutical vaccines and therapeutics. The plaintiffs claimed these statements artificially inflated the price of Danaher's common stock and caused investor losses when corrective disclosures reached the market.

Danaher denied all allegations of wrongdoing but agreed to settle to avoid the burden, expense and uncertainty of continued litigation.

Sources

1. Class notice
2. Claim form